Latest News- Infrared Radiation (Ir) Emitter And Receiver Market: Consumer electronics is expected to lead the End-user segment during 2024-2028

The Infrared Radiation (Ir) Emitter And Receiver Market is being driven by Increase in adoption of IR sensors

The Infrared Radiation (Ir) Emitter And Receiver Market is expected to grow at a CAGR of 4.92% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 677 million. In the rapidly evolving technology landscape, infrared radiation (IR) emitters and receivers are experiencing significant growth due to their integration into smartphones. The miniaturization of IR sensors, achieved through the reduction of sensor dies, has led to a decrease in costs. This cost reduction, coupled with advanced technologies such as wafer-level packaging, 3D integration, and application-specific integrated circuits (ASICs), enables IR cores to be embedded into mobile devices. These sensors offer various functionalities, including spot temperature measurement, photo editing with color and contrast adjustment, and thermal layer adjustment, making them indispensable in today's smartphones. With the increasing demand for advanced features and shorter replacement cycles, global smartphone shipments are projected to exceed two billion units by the end of the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Consumer electronics
  • IR cameras and sensors
  • Remotes
• Application
  • Thermal heating
  • Sensing monitoring and detection
  • Imaging
  • Data transmission
  • Others
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in adoption of IR sensors
• Increase in demand for long-wave infrared (LWIR), medium-wave infrared(MWIR) cameras and sensors
• Shift toward discretionary spending

However, the market also witnesses some limitations, which are as follows:

• High cost of InGaAs technology
• Variable influences of environmental conditions on IR sensors
• Adverse impact of trade war

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Market Scope in Infrared Radiation (Ir) Emitter And Receiver Market Research Report

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Research Analysis Overview

The Infrared Radiation (IR) emitter and receiver market encompasses various applications, including Surveillance, Military, Telecommunication, and Consumer Electronics. In Surveillance and Military sectors, IR emitters and receivers are used for Night Vision, Thermal Heating, and Motion Tracking. These technologies enable effective Sensing and Monitoring in low-light conditions, enhancing security systems and military operations. In Telecommunication, IR is used for Data Transmission in the long, medium, and short wavelength spectral range. This technology is essential for Controller communication in various industries, including Virtual Reality and Gaming consoles. Furthermore, IR plays a significant role in Consumer Electronics, such as IR remote controls for Air Conditioners, Audio Systems, Televisions, and Smart Home Devices. IR sensors are also used in IoT devices, Smart speakers, and Smart TVs for various functions, including voice recognition and motion detection. The IR emitter and receiver market caters to various industries, including Night Vision Security cameras and systems, Far Infrared for thermal imaging, and Near Infrared for various applications. With the growing demand for advanced technologies, the market for IR emitters and receivers is expected to grow significantly in the coming years.

Market Research Overview

The global electronics market encompasses a diverse range of sectors, including communications equipment manufacturers, technology hardware and storage providers, electronic equipment and instrument producers, electronic component suppliers, consumer electronics brands, industrial electronics manufacturers, and electronic manufacturing services. Among these, the electronic components segment is a significant contributor to the market's growth. According to Technavio's market analysis, the global electronic components market size is determined by the revenue generated from the sales of associated ICT and electronics products, equipment, and components. The market's expansion is primarily driven by the increasing demand for Internet of Things (IoT) devices, leading to a surge in demand for electronic components such as sensors, microcontrollers, and connectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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